The Chery Tiggo 4 Cross HEV. (Image source: Chery) Chery plans to manufacture new energy vehicles (NEVs) in South Africa, as part of a broader localisation strategy centred on its newly-acquired Rosslyn manufacturing plant. This positions SA as the Chinese car maker’s African manufacturing, research and development (R&D), and export hub, it says. In an…
In August 1602, more than 1 100 investors – from wealthy merchants to ordinary craftsmen – subscribed to the world’s first initial public offering. The Dutch East India Company, the VOC, raised Gld6.4-million to build a maritime trade network stretching from Amsterdam to the East Indies. On 12 June 2026, SpaceX raised US$75-billion in the…
South African sports clubs, federations and other institutions have high volumes of data and weak cyber defences, making them key targets for cyber criminals. (Image: 123RF). SA’s sports industry has become an attractive target for cyber criminals, who know it handles large volumes of data but relies on weak cyber defences. Cyber security and risk…
Eighteen months ago, one of South Africa’s largest retailers wasn’t worried about AI. Onboarding worked. Compliance checks passed audits. Fraud was a known, managed cost of doing business. Then a syndicate found them. The attack looked ordinary. Customers submitted genuine South African ID documents. Except they weren’t genuine anymore. Using AI, fraudsters had altered key…
Woolworths is using AI to simplify meal planning. Woolworths has unveiled an AI-powered food assistant that uses conversational AI to help customers find recipes, plan meals and shop for ingredients through its mobile app. Called My Woolies Chef, the tool will be made available to a limited group of MyDifference loyalty programme members from September…
Purple Group, the JSE-listed owner of EasyEquities, is acquiring Telescope AI, the Australian start-up whose technology already powers the investment platform’s AI Baskets feature, in a deal worth up to US$10.75-million (R177-million). Purple Group and EasyEquities operator First World Trader will each acquire 50% of Telescope AI from the Pettett Family Trust and three key…
Luno says National Treasury should go through Parliament to regulate crypto. (Image created by GenAI) Crypto-currency exchange Luno is arguing that National Treasury’s bid to bring digital currency under a 65-year-old forex regime is unconstitutional and contradicts the South African Reserve Bank’s own stance on the future role of stablecoins in payments. In a statement…
Djima Antaley delivers a package for Afrety in Dakar, Senegal. Ricci Shryock/Reuters No bank card? No address? No problem. Shoppers in Africa increasingly are buying online from big brands such as Amazon or Walmart even though they have no physical presence on much of the continent. Among those benefiting from the shift are local and…
Oppo launched in South Africa in September 2020. Chinese smartphone maker Oppo is retrenching employees in South Africa amid a slowdown in global smartphone sales. The company confirmed the job cuts after a source told ITWeb that a total of 13 employees in different roles had been impacted. Oppo did not disclose the number of…
The Léon Thévenin in Cape Town in an undated file photo Africa’s entire submarine cable network is served by just one permanently stationed repair vessel – based in Cape Town – leaving the continent exposed to lengthy internet outages, a major international report has warned. The final report of the International Advisory Body on Submarine…
